Canada-US pipeline on hold amid oil's recent woeshttp://apocadocs.com/s.pl?1287408503
The steel is staged, and crews are waiting to lay the last and most expensive leg of TransCanada Corp.'s multibillion-dollar pipeline network that would carry Canadian oil to refineries along the Gulf Coast.
Yet final U.S. government approval for the massive project, once assumed to be on a fast track, is now delayed indefinitely, with little official explanation. The company had hoped to begin laying pipe by the end of the year, but those prospects have dimmed.... The massive pipeline network - about five times the length of the trans-Alaska oil pipeline - is designed to move 1.5 million barrels of Canadian oil daily to U.S. refineries.... Opponents of the Keystone XL project describe the 1,980-mile pipeline as an ecological disaster waiting to happen, and land owners are angry that TransCanada has threatened to use eminent domain to obtain the easements it needs for the project.